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Reliance says it has become a net debt-free firm ahead of schedule

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₹1.61 trillion in March, has raised ₹1.75 trillion from marquee investors and a share sale to stockholders MUMBAI : Reliance Industries Ltd (RIL) on Friday declared itself net debt-free after a fund-raising spree that saw it garner ₹1.75 trillion—most of it within a span of less than two months—from marquee investors and a sale of shares to existing stockholders.Billionaire Mukesh Ambani’s Reliance raised ₹1.15 trillion through a 24.71% stake sale in digital assets subsidiary Jio Platforms Ltd to nearly a dozen investors, including Facebook Inc.

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